Blair Oliver Scott

df1day

I have 5 credit card debts and have CCA'd them.
They are at various stages ie terms and conditions supplied, no reply, reminder letters sent etc which I am dealing with with the help of various templates on MSE.

The only immediate pressing problem is my HBOS CC debt. I have received a copy of my CCA and it looks enforcable. I intend making a full and final offer but can only manage about 25% (via a concerned parent).

I have received a letter from Blair Oliver Scott today headed Notice of Intended Court Action. I know BOS are the in house collectors for HBOS and are unlikely to accept a figure of 25%.

Can anyone suggest my best course of action. Will they instigate court action or is this just a threat? Will they eventually sell it on to a DCA who would be more willing to accept a lower F & F?

I haven't been able to make any payments to the card since Nov 09 as I am out of work. Any advice would be welcome.

DarkConvict

No one can tell what they will do, they are likely though to ask you to start paying (an unaffordable amount per month), send them an SOA/Budget sheet showing what you can pay (remember to note down other CC payments likely to be paid)

If your offer is way to low, or you refuse to pay. Then they are more likely to get a CCJ to secure the debt for life and enforce payment, by bailiffs if required.

20-30% F&F is usually when a debt collector owns a debt and it is near to expiry (6 year date) or unenforceable. As you debt is only defaulted your looking at 50-70% estimated.
However so many factors take into account what they will accept, both your circumstances and that of the company. As such if you can only pay a little bit and they don't go for a CCJ (making it look like they never get paid) they may accept a lower F&F offers in 6-12months, but in which time interest may have increased the debt size.

izzybusy23

df1day wrote: »

I have 5 credit card debts and have CCA'd them.
They are at various stages ie terms and conditions supplied, no reply, reminder letters sent etc which I am dealing with with the help of various templates on MSE.

The only immediate pressing problem is my HBOS CC debt. I have received a copy of my CCA and it looks enforcable. I intend making a full and final offer but can only manage about 25% (via a concerned parent).

I have received a letter from Blair Oliver Scott today headed Notice of Intended Court Action. I know BOS are the in house collectors for HBOS and are unlikely to accept a figure of 25%.

Can anyone suggest my best course of action. Will they instigate court action or is this just a threat? Will they eventually sell it on to a DCA who would be more willing to accept a lower F & F?

I haven't been able to make any payments to the card since Nov 09 as I am out of work. Any advice would be welcome.

Blair Oliver Scott normally only accept about 75% of the outstanding figure... because they are inhouse DCA's. But you will find them helpful, they aren't aggressive at all.

df1day

Thanks for your replies.

Since Blair Oliver Scott are the inhouse collectors and as such will only accept say, 75%, is there anything I could do or say that will "encourage" them to pass it on to a DCA who will accept less?

As things stand I do not foresee a situation where I will ever be able to repay the full amount (or even 75%). Even token payments would be a problem at the moment.

I'd like to be able to convince them that is really the case.

DarkConvict

Just pay what you can realistically afford, if they are not happy they may outsource or sell the debt.

Locke

Scan the CCA up on here with your personal details blacked out for someone to check.:)

df1day

Locke wrote: »

Scan the CCA up on here with your personal details blacked out for someone to check.:)

Thanks for your reply.

I tried to post links to photobucket and also insert an image but as a new poster I wasn't allowed. Is there a way for newbies to attach copies of letters?